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HMRC internal manual

Venture Capital Schemes Manual

From
HM Revenue & Customs
Updated
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CVS: investors and reliefs: withdrawal of investment relief: interest

FA00/SCH15/PARA83

Where relief is withdrawn by reason of an event occurring after the date when it was obtained, interest runs from the date of that event, which of course will always precede the date when the assessment is made.

Where relief is withdrawn following a discovery that it was excessive or should not have been claimed, however, the normal rules for interest apply.